Catalyst Capital Advisors LLC purchased a new position in Ventas, Inc. (NYSE:VTR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,722 shares of the real estate investment trust's stock, valued at approximately $2,098,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Ventas during the first quarter valued at approximately $1,005,000. Centersquare Investment Management LLC boosted its holdings in shares of Ventas by 11.5% during the 1st quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust's stock valued at $345,667,000 after acquiring an additional 802,546 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Ventas during the 1st quarter valued at $819,000. Zurich Insurance Group Ltd FI bought a new position in shares of Ventas in the 1st quarter worth approximately $11,749,000. Finally, SG Americas Securities LLC grew its stake in shares of Ventas by 386.9% during the 1st quarter. SG Americas Securities LLC now owns 231,643 shares of the real estate investment trust's stock valued at $10,086,000 after acquiring an additional 184,065 shares during the period. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Evercore ISI lifted their target price on Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. StockNews.com raised Ventas from a "sell" rating to a "hold" rating in a research note on Friday. Royal Bank of Canada raised their price target on shares of Ventas from $52.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Wolfe Research upgraded Ventas to a "strong-buy" rating in a research note on Friday, August 9th. Finally, Wedbush increased their price target on shares of Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ventas has an average rating of "Moderate Buy" and an average target price of $63.63.
View Our Latest Report on VTR
Insider Activity at Ventas
In other news, CEO Debra A. Cafaro sold 6,827 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $63.20, for a total value of $431,466.40. Following the transaction, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $62,360,514.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Debra A. Cafaro sold 6,827 shares of the business's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $63.20, for a total transaction of $431,466.40. Following the sale, the chief executive officer now directly owns 986,717 shares of the company's stock, valued at $62,360,514.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Probst sold 20,000 shares of Ventas stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $58.87, for a total value of $1,177,400.00. Following the transaction, the chief financial officer now owns 156,403 shares in the company, valued at $9,207,444.61. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 160,454 shares of company stock worth $10,441,215. Corporate insiders own 1.00% of the company's stock.
Ventas Price Performance
Shares of VTR traded up $0.12 on Tuesday, reaching $64.47. The stock had a trading volume of 2,576,816 shares, compared to its average volume of 2,394,557. The firm has a 50-day moving average of $63.87 and a 200 day moving average of $55.81. The firm has a market capitalization of $26.64 billion, a PE ratio of -379.21, a PEG ratio of 2.85 and a beta of 1.36. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39. Ventas, Inc. has a twelve month low of $41.45 and a twelve month high of $67.61.
Ventas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas's payout ratio is currently -1,058.76%.
About Ventas
(
Free Report)
Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.
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